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Westlake Chemical Reaches New 52-Week High (WLK)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (
TheStreet) --
Westlake Chemical Corporation (NYSE:
WLK) hit a new 52-week high Wednesday as it is currently trading at $97.26, above its previous 52-week high of $97.23 with 92,349 shares traded as of 12:50 p.m. ET. Average volume has been 501,700 shares over the past 30 days.

Westlake Chemical has a market cap of $6.39 billion and is part of the basic materials sector and chemicals industry. Shares are up 20.9% year to date as of the close of trading on Tuesday.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Westlake Chemical as a
buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
Westlake Chemical Ratings Report.